Monday, May 17, 2010
Intrade has listed a market for Abhisit Vejjajiva to depart as Prime Minister of Thailand.
This market can be found under Current Events > Thailand.
Contract Rules:
This contract will settle (expire) at 100 ($10.00) if Abhisit Vejjajiva departs his current position as Prime Minister of Thailand before midnight ET on the date specified in the contract.
The contract will settle (expire) at 0 ($0.00) Abhisit Vejjajiva does not depart his current position as Prime Minister of Thailand before midnight ET on the date specified in the contract.
Expiry will be based on official public announcements from the Government of Thailand, as reported in three independent and reliable media sources.
A departure may include (but is not limited to) resignation, retirement, removal by constitutional process (such as election or impeachment) or coup d'etat.
A departure does not include death. In the event of the Prime Minster's death the contract will be declared void, all trades will be reversed and all trading fees refunded.
A resignation or retirement does not have to result in Abhisit Vejjajiva actually departing as Prime Minister of Thailand by the date specified in the contract. The contract will expire when the resignation or retirement is announced, regardless of when it takes effect. The contract will not be expired if a tendered resignation is not accepted.
Due to the nature of this contract please also see Contract Rule 1.7 Unforeseen Circumstances.
The Exchange reserves the right to invoke Contract Rule 1.8 (Time Protection) if deemed appropriate.
Any changes to the result after the contract has expired will not be taken into account - Exchange Rule 1.4
Please contact the exchange by emailing help@intrade.com if you have any questions regarding this contract before you place an order to trade.